Bitcoin Forum

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

It did happen to me countless number of times. The last one that I remember that caused me significant loss was when I was winning $45 already but I set TP at $50. The market later went down and I lost money a lot. As a trader, it is good not to be greedy.

You shouldn’t invest money if your priority is keeping it. Just put in the bank and wait for the annual income if your goal is survival of your asset rather than profit.

You should invest only what you can afford to lose so that you are free to take necessary risk to make profit. Taking profit is always a good idea since any form of profit is good. But your suggestion of prioritizing the safety of your asset first before the profit will just limit your earning potential since you will keep early selling when there’s price volatility that is normal in crypto.

When someone opens a position whether it's a long position or a short positron that person wants to earn profits form that position. Some people want to earn so much profit from their opened positions and when they see some green PNL then they get happy and wait to see some more of it. That's the worst mistake a trader makes and such traders often end up losing money rather than making any profits.

A good trader on other hand will try his best to get as much profit as he possibly can and such traders really don't care much about earn huge profits in one trade. A good trader wants to earn some profit from each trade and overtime the profit gets higher. A good trader take low risk and believes in good rewards, and that's why such traders always set take profit and stop loss on the trades.

So, I guess whatever you said in your thread is somehow correct and actually I also believe that a trader should take profits as often as possible. No trader can keep a 100% win rate and if someone shows that he wins 100% then that's more like a fraudster or a gambler, not a trader. A trader has to face both wins and losses because without losses a trader can never learn trading fully.

 First of, you made mention of "extreme greed' levels and this means by my understanding that traders will possess the ability to want to benefit from the market at all costs, not minding that it can crash at any moment, so what do you expect? the essence of trading is to make profits but that should not over rule the need for survival, that is why it's important to not have Bitcoin trading as your only means of investment, diversifying will help take your eyes off constantly checking the charts because sometimes it's when most of your money is in one basket that you will get greedy.

"No one went broke taking profits."

Your profits are all on paper unless you realize them. By "realizing" I mean converting them to FIAT. It may sound weird to many people but we still live in a FIAT world. People still price their stuff in FIAT because it is somehow predictable unlike crypto. Yes FIAT sucks and it makes you poor in the long term but the thing is, you exactly know what you gonna get.

With crypto, there is too much uncertainly. Too volatile. So don't forget to take dem profits every once in a while.

I would still change priorities, because if you can't make a profit, then you will have nothing to keep) Obviously, we are talking about how, as the price increases, it is necessary to fix part of the profit, which it is desirable to withdraw to fiat, so that life is more fun.

Ah, the classic take profit vs hodl.

There are simply some trades that are meant to be made in a short time span(hence taking profits early), and there are some trades that are made to be held for longer periods of time. There is simply no one-size-fits-all advice for this industry.

Yes greediness really impact a trader’s profits. Due to greed, traders often forgets to cashout or sell the coins, for which they miss the potential profits and at last they end up making losses. The solution for this can be, if they set profit targets for each coin, then definitely they will sell at that profit point. In this manner you won’t be taking more risk and will be making at least some profits. Traders need to understand this concept clearly.

When greed takes over us because we want to get bigger profits, we may have lost the opportunity to take advantage of the profits that we should have gotten. However, many traders still make this mistake because they think the coin price can still rise so that their profits can increase.
They don't remember that market conditions can change immediately after rising high so they have to be wise in responding to it. If they want to profit, they must sell their coins immediately.
If they believe the coin can rise high, they can hold the coin to sell at a higher price. But once again, they need to know whether this can still happen or whether the price will experience a correction after reaching its highest price.

In my opinion, we should book some ratio of profit here as the market is in extreme level of greed, and Bitcoin already has broken its last all-time high, Well i have not booked any amount from any altcoin I am still holding them because any of them has not hit even single of my fixed target. I have booked some ratio of profit from two points first at the time when bitcoin was at $60K and second, when bitcoin was at the price of $68K all these profit bookings were done with the intention of buying back so that I can accumulate more bitcoin well till that time I am just watching the market to make it happen (correction of the market.)

Booking with the rasing of price is a very important thing as I remember one incident of my friend he had invested a good amount in one project and these days the market was in greed he did not book any profit using any booking strategy he just fixed to a certain point if the market will reach here I will book then market made a big down move and he has to face a good lose haha. So, I recommend bull season is on the way to make one good book strategy to overcome loss problems. in my case, I am using the DCA technique for booking profit. DYOR!

I think we are not yet at the hype of the actual bullrun because I think the people surrounding me, who are not that hyped about cryptocurrencies, are not yet asking me who has an idea with crypto. Before, when it was the bulll run, I experience that but now, I don't think it has that kind of impact yet even if we are near the ATH.

It can be a sign that it's not yet the peak but we can, however, see that we can take advantage of the green market. I agree that it's good to take profits.

Yes we need to have a strategy because I am someone who has been around crypto for a while but I have made this mistake numerous times as greed take better control over us and after a while we don't even start applying SL and I have lost huge amount in the past just because of difference of few points I think we need to aim for smaller profits with multiple trades and set up a smaller profit range and if the market is good like it's now we need to be active and play with multiple OCO range in order to avoid losing and maximizing the profits.  I am not much into trading now but will be back to trading and decide an strategy like I will keep aside certain ratio of profit separately.

What you mention is something specific and it works at a certain moment, it is not the whole, obviously without money we do nothing, there is a phrase that is more assertive than a very misused one that is proclaimed as a "drug" to risk, and it is: "Do not invest money that you can afford to lose," it is the loosest phrase there is, since many confuse it with its true reality of use in investments. Anyway, the phrase that replaces that is "there is a tomorrow to invest, don't spend it all today."  :)  (It is a vague essence of your idea in the OP)

What you mention is a circumstantial idea or strategy, it is not something that eliminates profit as an objective.

 Since if you maintain that idea over time you will not allow yourself to eventually have a tomorrow to invest, so profit is in fact fundamental, so you have to have yes or yes, profit and loss phases, but stay in "safe" mode It will not always save you from losses.

Invest to make profits, not to safekeep your future profits. Otherwise, you will definitely keep missing opportunities to make profits because you are being greedy while waiting for the perfect opportunity to sell until you end up selling at a loss. I have been doing this way back then but I have only made little profits and the rest are just missed profits. So I don’t want to repeat the same mistake again most particularly that the market is unpredictable. Sell when there are potential profits, hold when there’s still none.

As a trader, you should be quick to take profits and quick to exit a losing trade, but often the opposite is what traders liberate on. We delay to take the profit and also hesitate to leave a trade when it is already going against us because of the feeling that it will come back and hit the TP. As you mentioned, trying to survive should take precedence over making a lot of money at a go or after a few trials.


This occurs when we have overconfidence in our analysis and believe it will undoubtedly hit the TP, but it does not always work out as planned. When I place a trade and, by chance, check to see if I'm already in profit while the market is still moving sideways or in doubt, I immediately exit and take the small profits I've accumulated. That will help not to result in a large loss while trading.

     The important thing as an investor is that you know whether you are a long-term or short-term holder. And when you know where you are in the two I mentioned, you should just stick there. Of course, if investors don't know anything about this field, they often enter in the long term.

     And of course, you should also have an aim price target for when you will sell it. and when it reaches or has reached your price target, sell it because that's a profit, and don't let the so-called greed get in.

The main reason on why people do really hinders out on not to take profits is that they are really that wishing that they could get those high multipliers specially if you are dealing on with those meme coins trading but if you are sticking with those top coins or alts then taking profits is also that something that you should really be baring up in mind because if you dont then it would really be something that gives out that huge regret and ive been able to experience it for how many times with this kind of situation on which ive been and i could say that this is really that something that you wont really be liking on be on such situation
again and again but well it cant be avoided sometimes because we are really hoping with that huge profits that we are seeking and this is why we do have this kind of approach.

I had very bad experienced with holding my altcoin assets without try taking profit after raising up to the higher price and my dreaming will make most higher price in the future. I lost much profitable when keep holding some coins raise up to $5 from my investment price under $1 because faith with coins potential after listing on the top exchange will easily make new higher price later before my coins holding delist on top exchange the end way becoming scam coins without values yet.
Taking profit is very important for your investment assets, don't be greedy and high expectation with coins price pump because loss chance to take profit until price going drop and badly if your coins assets investment have be scam project in the future. Before losing opportunity take profit don't waste your time expected or dreaming will raise higher price, set limitation of profitable earn around 10% until 20% and don't too high dream earn more than 1000% profit for taking profit.

The biggest regret that i havent been able to do is into those ICO days on which the coin that i have been holding did pumped and that coin was came from a bounty campaign which it do only takes 4 weeks
to have that in signature and get that token which it pumped and i do make some profits or money costing $100,000, but guess on what happened? I have been that too greedy on which im waiting for it to hit
another x2 or 100% on which on the time that i do get caught by the dumped and able to cash out when its already $1000 on which this gives out that huge regret even up to now.
This is why it would be always important that you should really know on when to take profits so that you wont really be ending up on having that regret.

Somehow there are opposite side of things on which taking up profit too early could really result into that missed opportunity on becoming rich and this do happened to me sometimes or several
situations on which there's no doubt that this is why people do such things because they are really that hoping that they could make even more.

Greed is normal but it can be more risky if you will not follow your target price.
Every time I trade I always have my target price to take profit and I should commit on that because I’ve done a lot of mistakes already with my trading before, and I can’t afford to do the same mistakes again. Taking profit id advisable, not unless you’re ready to take more risk and you can afford whatever the result is.

It is impossible to sustain trading if we never earn some profit. We make this not to survive but to multiply our money.
Taking a profit at least $100 per week as our target may sound good. We can say it was just a small amount, well yeah but at least we earn some. We can't be too greedy here in trading. Having a chance to earn at least 2-3% from our capital in every placed order is big enough as we have to remind ourselves that we can't assume the price will continue to rise and stay high as we can't just set aside the possibility of a huge drop after the pump.

It's really simple to say that we should take profit but you know what's stopping the most from doing so? Greed.

Because they think that when we're already on some high with our portfolios, we think that it's going to be more and our greed thinks that we should hold some more because it is not yet the peak and there's gotta be more.

That reminder will be realized by those that have missed taking profits on the last bull run. This time, they're going to promise to themselves that they should not miss this opportunity of taking some.

Totally agree on this one and you would really be having these kind of words into your mind into that particular situation or condition;

#What if the price would be reaching out or breaking its all time high?
#What if it would be that an easy x2 or more from here?
#Green God candle?
#Being pumped by Whales?

For sure you would really be having these kind of thoughts on which it would really be that ending up for you to hold up your position
and you wont really be selling even if you do already have that huge profits already. This is one of the issues that people do face on on which
they are really that becoming too greedy until they would be missing out those profit opportunity and ended up on regretting in the end.

In trading, taking profits must be the main goal of the activity. If it's trading, of course, a trader must manage numbers to take profits, which are taken from various analyzes that produce certain numbers.

Taking profits is really important, because that's the main goal, right? Because trading is quite different from holding. If we hold, we probably won't think too much about the current rates of the clone price. As long as it is a coin that has the potential to rise, holding for the long term will not be a problem.

However, if it's trading, we are required to have a certain number to take profits. At least, usually we will set the TP number with a certain margin, or certain settings. If we are too greedy in trading, this will actually be dangerous for us. Because sometimes, we will be late in capturing that moment.

It is very easy to say, but when prices are pumped, the investor can just be filled with greed and the desire to stay a little longer to accumulate more profit, and if they are not careful enough, they can just lose all the profit they have already earned. 

In the past, I have had such experiences too, where I already made a huge profit, but because I was hoping to earn more profit, the market volatility went against my prediction, and before I could zoom off from the market, I already lost most of the profit. 

Recently, I also had such experience with future trading, but I've learned not to become too greedy and make wrong calls due to emotion while trading. 

To prevent trading with greed and emotions, the investor needs to have an initial target price for which they want to sell off their coin. Don't wait until the market begins to pump massively before setting a selling price. 

DCA in taking profits too, so that you won't be missing every window of pump. Decide on how much you're going to sell on this bull run and see if they're going to be reached.

But if not, DCA in profits too like for every price increase, you'd sell a portion of your holdings.

Just don't miss any window of moment when you're about to take profit because it's normal that we take profits on this season.

Take profits simply because it’s everyone’s goal in the market. While hodling also serves a good option, but hey we won’t be hodling for the rest of our lives. At the end of the day, all we need are profits and not those coins who will lose eventually their value in the market.

However, know when to take profits and know when to keep hodling. But as a friendly advice, take time to sell but never sell all your coins. There’s always a lot of bull runs to come, so if you can’t maximize it this year, then prepare for the next year.

Of course, everyone who invests will hope to get a profit from the investment they make, but if they are too greedy in the investment they make, of course they will not be able to get a profit from the investment they make, so it is very important for those who invest to know when to make a profit. profit from the investment they make because if they are greedy of course they have to wait again until they can get the profit back.
Yes, of course we don't have to sell all the assets we own and we can take profits according to our wishes and still reinvest for our future.

though indeed i do agree that we won't be holding for all our lives but i can see the reason why people are really eager to hold as long as they can they want to maximize their profits
frankly speaking there has been many cases where people missing out on some life changing opportunities just because they are trying to take profit too early the profit that they taken are miniscule and alter the market
pumping like crazy and they could've made some big profit but they just don't have the patience its why there's something called diamond hands.
though if im being honest determining the peak is really difficult thing to do because frankly nobody knows when we will be hitting peak.
but i think we can agree that if we reached certain target of our investment its always great to be getting out of the market and wait for another bullrun to accumulate.

I agree with you. That's because this thing happened to me many times. I once invested in kypto currency and I made about 70$ profit but I lost a lot when I made more profit. So I believe that most of the people who invest in cryptocurrencies have been victimized in situations like this, so if we want to control ourselves, maybe we won't have this happen again because we will have people who make a little bit more profit doing that, maybe most of the time we are going to suffer.

Yes I agree. The Euphoria is very difficult when we are hitting ATH everyday but you need to set a target and stick with it.

I am sure last year many would love to sell at $50K but when $50K hit they are all wanting to sell at ATH, now that ATH hit they want $100K. Eventually it will reverse and it will go back to $50k and even head lower.

Hence why it’s best to take partial profits from time to time.

Early on, when traders are just making their first trades, I do think that surviving should be the priority, since the majority of the traders out there lose all their money before they have a chance to actually learn how the markets work, so a trader which is concentrated on getting through those difficult months, instead of being concentrated on making profits, will eventually do better.

However once that period is over, traders need to concentrate on getting as much profits as possible, since that is the main, and some may say the only, reason to trade at all.

Just like buying gradually, we can also take profits gradually too, or at least we can secure our capital at the beginning. I think this is a great way to keep enjoying the upside. When the price reaches $50k for example we can sell some, when the price goes back up and reaches $60k we can do it again and so on.
Maybe everyone wants to get the maximum profit and sell everything at the ATH, but the problem is that we don't know where the ATH point is and the safest way is to gradually take profits. Unless we are really ready when the price reverses, but I don't think anyone is ready for that and will definitely regret it a little.

I know what you mean, but it depends on which category an investor or trader falls into? because the decision-making goals of traders and investors are very different, long term and short term. If we only refer to Extreme Greed, it can happen every day or even every hour according to the crypto held. But in terms of profit percentage, it also needs to be taken into account, especially long-term investors who have just experienced an increase in PNL again after being trapped in the bearish zone for a long time may not necessarily be able to immediately take the sell option because there is a target that they want to achieve from the start. Long-term investors like us don't really care about watching the Fear & Greed Index every day.

Yes, that's very important. no one loses by taking advantage. The losers are people who want to continue to increase their profits and miss their opportunity, while the price of the coins they hold has decreased over time. If you feel that the price of the coin is good enough for you, and the profit you get from it is big enough, then it is better to take the profit rather than expecting a bigger profit.
In fact, it's okay to expect big profits, but the risks you have to accept are also bigger. Personally, I am more concerned with profits that are before my eyes than those that are still uncertain.

And also for thought, we should actually consider that all of these has already been achieved in this week's cycle. And many time before already.

Price breaking out? February was biggest green gap between open and close in all history. That's for me the real green god candle

69k is already easy 2x from 34.5 which was not too long ago.

Pumped by whales? Yes, all the time, also why it crashed quickly after ATH. Whale liquidation :)

That's not unusual. Many of us tend to become greedy if we are not satisfied with our current profit, wanting to gain more. It's because of our greed and for not having contentment, believing waiting a bit is better. Well, there's nothing wrong to have such strategy because who don't want to gain huge, right? However, we need to be more wise to not let the opportunity to take profit passed by.

Anyway, we have different strategy as a trader/investor. Thus if you already experienced to have losses before, then you're aware now what you should do.

The end result is an increase in investment value whether in BTC or Altcoins, but what you said is true, if we already have a certain amount of funds and have made a profit, very often we always try to get back in by buying another coin/token that we consider to be appropriate, both technically and in terms of results. 20% and even up to 40% down, beyond our understanding because of the volatility of the market.

Making a profit is not an easy matter, just like price movements, if they rise very slowly and if they crash, the process of falling is very fast. but that's the biggest sensation and everything is tested here, both our patience, emotions and overall mentality.

Because of the uncertainties that sorounds crypto trading, where a trader can make profit now and lose everything in the same day, I think that traders should not be too greedy, when they make a reasonable profit, they can call it a day and take the profit. Trading is hard, because of the risks of loses, so it's not for everybody in the crypto space, it requires learning analysis, so when a trader beats the odds and profits, it's good to enjoy it, before it can disappear. Unlike investments where investors without adequate knowledge can hodle on a long term and sale with profit in bull run, without stress.

Exactly. This is the most problem of some traders and people intending to make profits from their little coin and I can gladly tell you that this has happened to more than 50% of traders. Yes it has happened to me last year and I became so upset after making a profit of $300 and I was thinking the market is still pumping And I couldn’t take out my profits I lost about $150 out of what I have made so it was so sad. It is always good for you to take out Profit  as soon as you see something, this is actually greed I was so greedy. If not, I would have possibly get something.

You are right and I have seen that happening as well, with myself and with others too. I always tell people that I know are holding that they should take profit if they know they have enough to sell a portion of it and keep the rest. What happens is that they don't feel satisfied with the profits and expect the price to go higher so that they can get more profit from their assets, but when that doesn't happen and the market starts going down, they realize that they should have done it but they still don't sell because they feel that it might be a small correction and the market will go up again for sure ;D.

This is the reason why many people say that it is not easy to hold because you will sometimes be in situations where you will need to make some decisions that are hard to make.

I have seem many of my friends, and even myself to think that because they missed ath, and while they are still up 1000+%, they count that as a loss and refuse to sell because it could go higher. Not only selling the absolute top is statistically nearly impossible, we still beat ourself not doing that. We beat ourself not doing optimal decisions no matter what. I still keep thinking some ATHs that i have missed as a loss, even when i sold, roi of them were insane and nothing you could ever do with stocks.

Talking profits is also hard because everyone around you will say you are crazy to do so. They will say this is nothing and it will be on top 10 marketcap easily or something. Obviously everything can moon, but when nothing is enough and exit targets are as delusional as "think this like investing to bitcoin at the start". We are most likely losing.

But i am glad i took profits, even now, when i sold lots of bitcoin in 2015. Because i used it for making my life, and my kids life better.
If i hadn't do that and i kept my bitcoins and eth, i would be rich for sure, but if i keep hitting myself for that, and all i see is mistakes in my life, i end up hating myself. But if i see them as lessons that i paid that much bitcoin worth, i just make sure that those lessons were worth it. Because i wouldn't like to pay for something that i already know.

And it's not like i didn't do well. Just in hindsight i just would have done better if i had known the future.

My first experience was when I bought btc, I didn’t realize I had to take profit I literally allowed the market take all it gave to me. Now with better experience and knowledge, I either take 50% of profit or all profit leaving the capital. $COQ and $WEN my Favourites Memecoins at the moment has give me more than 100% profits, every night I open my bitget app and look for buy or sell opportunities and also re-entry positions…

That's the way to go.. in this space, except you've taken profits, you've not made anything. Same knowledge I apply in trading futures on the platform you mentioned. I DCA in and I DCA out. But I make sure to always leave a moonbag. NFA..

You are actually right on the aspect of surviving first, most traders fail to understand that risk management is one important thing we as traders have to masters first, before venturing into trading, because if you capital is in tact, you can still try again, since opportunities comes every day, and every minute, so I believe that managing your risk properly helps you stay in the market.

Secondly, as a trader, it's very important that before venturing into it, you must prepare for your entry point and exit point, wether it's going your way or not, where you will take your profit if it going your way, and where you will cut your loss if it's going against you, with that, I believe that if you are discipline enough to keep to your rules, you will be more successful in trading than you thought.

We don't sell when we have profit but when we lose our capital we expect to sell our coins when our capital comes back. When in profit we should sell and wait for next trade. Whenever we expect extra profit we lose our money instead of profit. Excessive greed never brings desired results for an investor or a trader. Setting a specific target first is very important in business. If we have planned in advance what amount of capital and what amount of profit we will sell, then if we get that amount of profit, we can sell our coins at that time without being extra greedy. It is better to be satisfied with a relatively small amount of profit than to lose all the profit by being overly greedy. Those who are content with small profits are seen to make good profits overall.

You're right there; that's where they often have problems with how to take a profit or exit when they see that they already have a profit in this matter. What is the problem? Of course, the main reason for that is the presence of "greed.".

This greed is like a back-and-forth disease that only transfers to others when it is gone from another person. That's why we don't let it be that we have it, or if we have a target plan for when it will be sold, it should really be once it's even sold without thinking about it as if we're thinking twice.

In trading, regardless of the amount of profits, as long as you are seeing profits, the best action would be to sell your coins. You could sell even just a small portion of your whole storage, the important thing is you take time to sell and make decent amount of profits. While others continue to hold to satisfy their greed, but hodling will never make you profitable, but selling is.

Know when to trade and make profits and know when to hold continuously your coins. If you have specific plans on when to sell and when to hold, you will definitely make a positive outcome from your investment. Long term planning and good preparation prior to investing will really help you to achieve your goal in the end.

Well, you are right but it's not always going to be like if you invested $100 as capital and take $100 straight in one or few months will not be possible at all so how they need to take out the profits is from small range let's break into 5 times so taking 20 is quite possible and realistic too and if you manage to do that 5 times then now you recovered your capital value and everything that left is profit and even one more cash out is made out of complete profit.

One of the causes of losses on trading platforms is excessive profit. Those who are overly greedy on the trading platform cannot earn profits from their trading and thus lose their profits quickly. Especially those who trade on futures trading platform, you need to avoid over greed because if you don't avoid over greed on future trading platform, you will lose yourself from success at any moment. I have found from my own experience that whenever I went to gain more I lost my excess gain. Currently I am connected to the trading platform but I am not very greedy I now sell with small profit and wait for the market to dump if it is dumping and from there I trade again. When it is again a little more profitable then sell again this is how I currently trade I am taking profit.

Greed is the key to lose, not a winning solution. If you ignore small profits, you will definitely miss the bigger profits next in line. This is why always appreciate small profits and always take time to sell irrespective of its amount. It’s better to take small profits than to never profit at all. While trading outcome can be uncertain, but if you take time to sell every potential profits you’ve seen, then losing will be lessen and reduced. Always take profits, because that is always our original goal from the very start.

I was once in that position because I thought the coin I bought was very cheap and the potential to go up so much, but the zone dragged me down in price, my mistake was that I didn't buy again when the price was deep/base between the confirmations, good projects will be in demand no matter how low. because the news is also so influential as a community driver and crowds the queue. but I'm not too sorry because some of these assets I bought bitcoin and stable coins.

You view yourself as a scalper so it is possible to buy assets and sell as quickly as possible when the target hit you reach exceeds the daily limit, so that you get multiples faster and spend it back into other coins is a good solution, but don't you want to sell coins partially? Because it could be a good price, although not so bright but there are 2 possibilities when you can buy at a low price and sell the remaining assets when the pump is suddenly.

I don't want the assets I bought to plunge cheaply but some people are waiting for that moment, so I think in two conditions ;D

You would definitely be losing up big time if you wont really be taking up profits and this is something that you should always bare it on mind on the time that you are dealing up with this
space on which you would really be needing up for you to secure profits as much as you could. We do know that this market is really that truly upredictable and there's no way
that we could really be able to know on where it would be heading and on the time that you do see greens then secure it out as much as you could.
Dont make yourself that being too greedy when it comes to money because if you wont really be that mindful much then you would really be that on subject into
that missed opportunity which would really be giving out that huge regret into you.

This topic reminds me when I joined this space exploring spot trading to take little profit. Greed can be crazy you know. I remember trying to take advantage of of the early listing of DOT on Bitget and instead of taking profit with the little profit realized I decided to wait for the unrealistic short term profit. The good new was it was on spot and I just had to sell a little amount at loss and hodl the rest.

Whenever a trader covets extra money, he must face losses. In the crypto world, I have seen many individuals who get overly greedy lead to doom. Start trading with a small target, then sell when the target is met and buy when the price moves within your target. But there are people who take a trade with $500 and want to sell it for $1000. These people return their assets to zero. Because their greed is too much.

I think the strategy of keeping the money can't be taught to someone.Greed is a built in fault in human beings and it only washes away from someone's heart once he or she is deceived by the negatives of being greedy. These are mostly the problem of newbies mostly.

What happens here is actually that on someones saying they buy a certain coin and then they get some profit from it but because of inexperienced knowledge they get greedy and even after getting good profit they still want more. Now they either wait for it to pump more or they invest in some other meme coin now every meme coin can't give you profits so in this cycle they lose their profits.

Our trading purpose is to make profit but sometimes we think that the profit will be more double than the profit which is enough condition we don't sell our coin at that time but wait more. But if you sell at that time and wait for the market to come down again, then there is a possibility of making two profits at the same time. I have noticed in the case of those who trade that they can't make a profit by waiting for a long time. If short trading can be done to get profit in multiple trades then that trading is definitely good for traders.

That's why being able to follow the goal you already set should be important. If you are a knowledge trader and analytic, then you should be able to measure or plat the money you can only get, the approximate amount of money you can earn, and the limit of your analysis. Even though you want a higher profit, you should set the previous TP into the SL, meaning that, for example, if your first TP is equivalent to $100 profit and you see that your trade could get more profit, you should adjust the SL into the $100 position in order to earn even if you hit the SL. That is the most logical and practical way to trade. You should be wiser and think of securing a profit if you want more. We all sometimes can't help ourselves to stop our greed from taking over, so if you want to be more greedy, you should always have security in your profit.

It is time for them to make a profit they will want to wait a little to see if the price might increase and even if the coin is little as far as your profit is there I don't think is a bad idea because you can still invest as little as it may be.  but the problem I have is that as you are making a profit you can be taking profit one after the other. and leave your capital you can also reinvest depending on the decision that the trader wants to make.  there is one thing in Bitcoin never assume what will happen in the market if you notice you are making a profit take it. if not you want to hold for a very long time. if you hold for a long time then you have to hold. and I know how it feels when you lose profit the best thing you can do is to know what to do at a particular period in the market if not you will still lose profit.

It is the most important and hardest thing, in my opinion. Many people manage to invest in the market at the right time but forget to book their profit. Most of the time they don't know when or how to do that. It is true that there isn't any true indicator that can tell you about the market peak, but there is some management strategy that can be used to take profit from the market in a orderly manner so that no one misses most of the profit. Partial profit booking is something that can be used to effectively do that.

When you are in that situation (extreme greed) I don't think you still think of taking a small profit but certainly thinking of a huge amount.
Too much greed will never end well other than regrets. As a trader, we can't be foolish and think we could earn more but instead, take the opportunity even if it was just small amounts.

Many people fail because of too much greed, not only because they lack knowledge and skills. Earning small every day is better than every big once in a month.

actually, it doesn't need to be that difficult to make a peak target. All that needs to be done is to be consistent with the analysis that has been carried out. When investors experience a lot of doubt in determining the peak price from their analysis, it shows that the analysis carried out is not very strong and there are still doubts.
Focus and consistency with what has been analyzed, that is the best key to continuing to make a profit without feeling regretful about the targets you have made or the decisions you have taken.

It is true what you said, those who have not been able to properly analyze market conditions will of course have doubts in determining the peak target for the investment they make and if they are able to determine the peak price in analyzing the market, of course they will be able to know the exact time. right to be able to get a profit from their investment, so it is very important for those who want to invest that they can set their investment targets without doubting the results they will get.

It's been in my mind for years already but still, thanks for reminding me.
For sure, this kind of advice helps one or two investors out there who might forget to create their selling strategy for the upcoming bull run.

I didn't sell all of my assets way back in 2021, and what I did is to just watch the markets go up, and of course, watch the markets go down as well. I don't want to call myself greedy because of that decision, but I would say that it will be one of the most disappointing decisions that I've made in my investing journey.

1st priority in crypto is surviving. No, it isn't. It's knowledge. If you have knowledge, you will learn how to survive in the crypto market. If you have knowledge, you can make better decisions that will make you survive and lessen your losses. Profits in 2nd place? It's kind of connected because if you have knowledge, you will survive and therefore, you can make more money. Knowledge is what you need for you to survive and make money as well.

Overall, this tip will help newbies out there. Still, thanks for the reminder. :)

These things are happening to many cryptocurrency enthusiasts, especially those who are active in trading cryptocurrency. Most of the time, they lose due to a lack of understanding or not being able to control their emotions, which is really affecting them in the market. Although some of them, due to insufficient knowledge, don't know what to do that will help them in some points, so they lose money. And again, greed also contributes to many people's losses, so it will be good if some people take their eye off of too much profit. They should just do it in a way that will favor them because too much expectation may land people in losses.


All these are greedy, which I can say is one of the hardest things to escape in the market of trading cryptocurrency, but to me, traders can do this as long as they want to succeed in their journey by using the strategy that suits what they are looking for as profit. However, they should know these so they won't be losing all the time. There is no legit thing to use that will help; it is our knowledge and skills that will be used to succeed. 

I have experienced where when I have made a profit but it continues to be ignored because I believe the profit level will increase but what happens is that it goes down to the lowest value as a result there is regret why not take advantage at that time, but I realize that it is greed that humans have experienced.

The only one wants to take long-term profits by simply HODL Bitcoin that's all.

But we have experienced where choosing several altcoins in the hope of more profit which can be said to be a quick profit in the short term but often does not have a sales target with no management, everything will be a mess.

I don't think this theory of selling whenever a profit is available is practical for everyone because people own crypto for different reasons, say for example inheritance for their kids or family, or use it as a way to counter inflation or probably og believer of cryptocurrencies...

This whole notion of getting profits out aren't for everyone unfortunately,if you can do do and if you can't keep holding.

I guess this message fits in well for traders such as those involved in leveraged trading, or charting and I agree with this.

99% of people that comes invest in crypto are short term investors that are hoping to sell at the top but most them end up with nothing or even have the initial capital they invested. Instead of some of them to sell and take their minimal lost, they watched their investment wash down most especially the people that invested in altcoins. These coins seems to be the most profitable coins in every bull run but when they collapse, the damage is more than what you can make in a year.

Take a significant profits when you have achieved much or just remove 50% of what you have gained together with your investment. If the rest appreciated again, sell another 50% of profits and leave the rest. By the time you observe some anomalies in the market, kindly sell the rest and sit back. If you study the market and it's suitable enter again, repeat the process but if the market becomes bloody, stay away a while and come back when you think it's okay to invest again.

Taking profits would be easier if there’s no presence of greed. But with the the high potentials of bitcoin to reach more profitable value in the future, it’s normal for a human to develop one’s greed and chose to prolong its hodling believing that bitcoin price will continue to rise consistently more often, but fail to realized that bitcoin is highly volatile, any moment bitcoin price may plummet again and drops it value to its dips.

This is the reason why taking profits most especially when the market is preparing for a bull run is very hard to do.  However, having wrong decision is not bad at first, that way they will learn their lesson and will be wiser already once they invest again in bitcoin.

If someone cannot control themselves in investing, of course they will always be greedy with the things they do and also in investing after the profits they have gotten from those investments, but they choose to postpone the profits they get in the hope that there will be a higher increase. Again, with bigger profits and when they experience a decline, of course they have to wait a long time again to be able to take advantage of the profits they have missed.
Yes, of course, every time we make a wrong investment decision, we must be able to correct and find out the mistakes they made and must study again so that we don't repeat the same mistakes again.

This is a good example of the fact that you should definitely take paper profits, but the strategy for taking paper profits must be smart. Indeed, take profit is not the most perfect tool for taking profits. It has significant disadvantages: firstly, the price does not always reach the take profit. And secondly, very often the take profit closes the position too early. After taking profit, the price often goes up many more points. But what is better than take profit? I believe that a trailing stop is better than take profit. In addition, you can tighten the stop with your hands following the price. As soon as a bear market begins, your trailing stop will definitely be triggered.

This seems to be an experience I keep repeating. Even now, I still often do the same thing. Even though you have made quite a profit, you still have the feeling of wanting more and you keep holding onto the coins in the hope that the price will be higher. As a result, the price dropped badly, and I regret it.

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

Most short-term investors are greedy; they come for quick money, which is why they will want their profits to go up before taking them, and as we all know how greed is affecting such investors, before you know it, the little profit you don’t take will turn into a loss.

Taking your profit anytime you get little is the most significant thing that shows that you are not greedy; you can reinvest again in another coin and get another profit than watching the profit go.

This bull run, we will see many people claiming to be investors, and most of them are just here to get quick money. If some of them who are greedy lose money, they will start complaining that crypto is a scam, and some of them will go ahead and invest in projects they don’t know anything about. If they lose money in that project, they will generalize it by saying crypto is not paying or it is a Ponzi scheme just because they failed to do the right thing.

Good advise and for most traders, they don't trade in this manner. A lot of greed lives in the mind of many traders and that have made them lost a lot of profitable trades that were initially in big wins for them. What many don't get to understand in trading is that; learn to trade today and come back tomorrow to trade more, it will make you a better trader and not allowing the market to reap you off your money because you don't know how to employ risk management while trading.

Firstly, every traders intention when they joined trading is to make profit but today, they delay to take profit and quickly exit the trade when in loss as  trade is still in process. If traders will learn how to take profits early and exit a trade already on negative trend early, most of them will be profitable and if they are not, their losses from trade won't be that much that they will discouraged not to trade again. Greed and unprepared mindset to align with the flow of the market will only make it harder to become a better trader.

We won't survive in trading if we never earn a profit. Unless our intention is to just spend our money for nothing. Of course, it may not be that easy to get a profit at the start which is why we need more money to back up but if this will take longer time and already drained our reserve, I don't think we need to continue. We just survive from this when our profit would also able to sustain the needs in trading, not from our personal wallet anymore. Otherwise, we make trading as other expenses which in fact, the purpose is to consider as other sources of income.

I have read a few replies from people and they are all in agreement with Op. I have thought that OP made this topic because of the recent surge in the price of bitcoin. But lately did I remember that this is trading board and the post was made for trading purpose and not for long term investment purposes.

If I have been holding bitcoin for a long time, maybe throw DCA, this might not be the best time to take profit because it seems that the future is just brighter for bitcoin. Taking profit now might be too early.

I guess we all have experienced things like this because of greed and misconceptions about bitcoin and even to the rest of the crypto coins. But one huge loss is enough for a wise investor, so he won’t repeat the same mistake again and still end up losing.

The challenge here is not actually to maximize our future profits, but controlling our greed in order to take profits when the market is capable to, and knowing when to keep on hodling while others are greedy to sell.

Once you do gain up that experience then it would really be impossible that you wont really be able to make yourself learn out of those mistakes that you've been able to commit out. This is something that a very part of trading on which loses is really your best teacher and on the time that you would really be experiencing those unfortunate conditions then you would really be normally be adjusting into that on which this is really just that common sense. This is why it would really be always better that you should really be that adaptive and versatile once you do hover yourself towards the market on which there would really be no guarantees
about making profits.

You would really be needing to adjust accordingly if you have seen that you are really having that high chance of lossing on which we know that
this is something inevitable. If you wont really be making out those adjustments then you are really that bound into such disaster and this is something that we must avoid as much as
we can.

Decision or target from trading or investing is take profit, I don't know why many people not prioritize for taking profit after getting moment with their investment assets increasing high value. Current bitcoin and altcoin volatile and we can't predictable with the price keep on the higher is the right moment for taking profit and buy back later when get correction moment.
Not always the holder is the winner regarding how many coins dump drastically after success raising the highest price and most of altcoin following with the bitcoin price, if get crash you can't stopping altcoin will going dump and its very important how to take profit since get the opportunity.
Most of trader loyal hand keep holding their cryptocurrency assets after raising more profitable until price going dump will disappointed why not sell when getting moment in the higher price?

In trading you don't need to be greedy in trading because on the process you have seen a profit to cash and if you refused to cash out immediately you may lose whatever you make as profit including your capital, if someone wants to be prosper in trading the person have to remove greediness and value any amount of profit that comes to it ways.

The aim and objectives of trading is to make profit, and it's obvious that before you make profit in trading you have to learn and understand the major concepts of it, because what makes people to loss for trading is when they fail to scrutinised the rudiments of Trading.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved. 
Your two suggestions are very good to me and will help me in the future.

Greed is never been good and if you are someone whose really that trying out to make profits on just simply going further and doesnt make out some securing your capital and when the market makes some
huge correction then you would really be losing those profits and you would really be ending up on having those kind of regrets and telling to yourself that you should have that make yourself secure while
you are still on positive. This is a common mistake for most traders on which it would really be that normal that they would be pursuing on something higher but it do really have those cons
on which on the time that you would really be ending up on holding up your position then you would be ending up on getting caught on the dump. So the question is, how long you would really be
making your patience last on holding your position? This would really be something that very a normal approach.

No trader can sell exactly at the highest price and when buying at the lowest price, all they do is try to predict.
Traders who are filled with fear will sell too quickly, and those who are filled with greed will continue to try to keep their coins without thinking about taking profit because they feel the price will continue to rise and when they realize it, it will be too late, so always be realistic in trading and try to take profits if there is a chance because there is a time when the price will fall again and it is time to buy again, save it again and sell at the target price.

In trading, we must not be greedy and hope that profits will continue to come and think that the hype will never end. Well in trading we have to be fully aware that we have to take profits when we are already in a position to make a profit. If it is a spot market then we can take profits gradually. But if it's in the futures market, I think we can still be greedy while keeping profits from being lost by shifting the stoploss from a loss position to a profit position that we want to secure (stoploss plus). Because the stoploss function which is usually used to stop losses can also be used to secure profits. It can also be done on the spot market as long as CEX provides this feature.

You would be only having that kind of realization on the time that you do really have missed out those profits and i do agree on what you have said about on the time that you do make some trading and you have decided to hold further because you are aiming for higher gains but ended up on a disaster just because the market had crashed or corrected.

It will be that depending on what coin you have invested on whether on meme coins/altcoins/Bitcoin on which it is impossible that you wont really be able to determine which one is worth to hold
for long term and which one is really that for temporary. Always secure your initial capital on which this is something that you would really be needing to consider.

Take profits when happy and hold if you do see that it would shoot up even more but the risks attached is something that you could be able to bare up to accept
because corrections happen and on the time you do miss those profits then regrets would comes next.

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

means there is a problem with the trade plan made. it affects the targets that can be achieved. that is indeed difficult to do. but if that situation occurs, the trader is in a condition that is not consistent with the trading plan that he has made himself. Greed may be a reason, but I think the main one is a poor trading experience.
maybe with a few mistakes they will get better.

Dear, You have really started a good discussion I also believe in what you said but your saying reminds me of these things and I really appreciate that for you. I also booked some ratio of profit when bitcoin was reached $60k and then I booked when bitcoin was at the $68k price zone all the booking done was with the intention of buying back in case of if the market makes some downward moves after that I am waiting patiently for this thing to happen. On the other hand market is highly bullish and in a greed zone where they all should book some we are experiencing aggressive buying which indicates a difficult correction in the market.

Big institutions are also buying aggressively at the current price zone which looks to weird I do know what are their actuall plan behind that as we know we are near to the halving event and the market already sitting at a high level after making its new all-time high. as we know that there is a correct on the time of halving event if we look at the historical shart now i don't know why makret is highly bullish near the event of Halvinh and broke last all time high before the halving evnet.  

"The real skill is not in making money, the real skill is in keeping it", this hit me really hard, for there are some meme coins I invested some small amount of money on, and right now, it's been a hard debate withing myself wether to take profit on them or not, I was hoping to leave them to run for a very long time hoping that the price will keep pumping, there about making me much more profit, but I guess I have to atleast, pull out the initial amount I invested and just allow the profit made to run for as long as the project is alive and booming.

The truth actually is that, we should always take profit, or atleast, pull out the amount we invested as soon as we are in profit, and just allow the profit made to run.
But still, we sometimes cant do away with the fact that some projects are just too good with a lot of potentials on the high side, and when we have not invested enough funds in such projects, we sometimes feel to just allow it run for longer for maximum profit, this is not a bad thing to do I guess?

Then tell me please which BTC investor had to watch all profits fall back to zero if they HODLed until this very day? You are talking about on paper profits, but there is always an opportunity cost coming along with dumping your precious BTC. I saw people watch their profits go to zero by selling, FOMO buying back in at a higher price for less BTC, then FUD selling less BTC for a lower price because BTC price corrected, then FOMO rebuying even less BTC with the left over cash during a trend reversal, you get the point if you continue this infinitely until someone is left with nothing.

The only things that fell back to zero are coins that are not called "Bitcoin". BTC is alive and kicking more than ever. If someone sold but didn't have to for any particular reason, blame on them. If they had to, it could still be blame on them if they went all in with money that wasn't meant to be invested for a longer period of time. Volatility is both a devil and a friend and a simple look at the charts tells you exactly that. If they were hoping to catch a good wave and then get out anyway, well, that's a different ball game. Go and play poker or roulette instead.

Taking profits is right if it fits your overall investment strategy and capacity best. It depends on your individual profile and whether divestment makes sense or perhaps recommendable. But in general, BTC has proven to be maximally resilient over the years. I still think a BTC investment is a roller coaster when you look at the charts, but it doesn't have to be psychologically for an investor if they know what they are doing / buying.

When we have made a profit from the investment or trade that we have made, it would be very good if we took the profit from the results of the investment or trade, because if we are too greedy in investing and trading, of course we will miss out on the profit that we have made. and this really depends on a person's personality. If they can control themselves, they can of course get the profits they have earned, but if they are greedy, of course it will be impossible to take advantage by hoping for even bigger profits, but they don't know the market conditions well. well, so it is very likely that they will experience losses on the trades or investments they make.

People get success in trading platform but due to excessive greed they cannot accept that success. I have seen many times when trading in trading platform and after some time profit appears there when profit appears we get extra greed in our mind due to that extra greed sometimes we see 0 profit instead of profit. So every trader should not be too greedy in trading platform and take quick profit with small profit. Those who take quick profits with small profits can survive on the trading platform and achieve success.

It's always like this, people always to chase for highest profit possible as their "limit testing" but most of the time it's just better to stop when you have gotten quite decent profit from your trading. It's always better to stop and then choose for another coins/assets to trade again, repeat and rinse. Consistent profit is always better than going for big one but you consistently for the big win.

You tell the traders to be patient with trading  and while trading, but sometimes it begins to feel like you mean they should be more greedy and should always wait until TP to take profit. When you are advised to be patient, it applies to your strategy of observing the market before entering, but not to taking profit when you perceive that the market  may go the other way when you are making profit.

It is always an emotional battle every trader who has been long in the market faces, if to wait or to just take profit. The strategy a trader friend of mine uses is to take profit, and then re-enter the market again with a new stop loss, so if the market goes sideways, they would have made some profit still.

There are only two types of investors: "wise investors" and unwise investors." It depends on which of the two you are; it's you or us because we know which one we belong to. However, it is also inevitable that sometimes we make mistakes, and this is usually what teaches us so that we can learn and have a good result in what we do for the future.

That's why, as investors, we try as much as possible not to waste the capital that we will use in an investment, and we also don't want to waste the time that we allocate for this kind of thing.

You can actually do that if you want to focus on bitcoin, but if you’re planning to diversify your investment,  altcoins profits can lead to a good start investing in real estate or stocks. That way, you now have both long term investments that you can apply DCA as long as you can. However, make sure to maximize or allocate more funds to bitcoin than other types of investments since its ROI is bigger than the others.

When making investment then i wouldnt really be surely putting up all the focus on crypto space but also i would really be sticking into those known traditional investment that we do have in mind on which
we do know that it is really just that too impossible that you cant really be able to make yourself realize that having both would really be something more preferable and much better.

In speaking about taking profits then it would really be just that a common approach that you do have on where you would really be needing up to secure on whatever investment or business you could make.
We do know on what are the things that you could be able to save up and change once you do have that kind of certain state of your life when it comes to this matter.
Take profits and this has been our main target in our life on which having that kind of driving force for us to make good decisions and taking up risks just to make it happen
and this is something that standard.

Attitude problems and market approaches are a big deal in trading. In trading, we need to be greedy, every chance to earn a profit is already a great opportunity that should not be wasted. In fact, the primary purpose is to earn, even if it is just a small amount, as a trader we need to appreciate it and stop thinking more as we never know what comes next. Many traders regret and even blame themselves as they fail to manage their emotions and greediness making them lose their money.

If you are a trader and you don’t know when to take profits, then you are hardly going to make profit from trading, because you won’t leave the market when you are suppose to leave, you will want to get more profits, till price of coin start dumping before you will start struggling to sell. Some will lose all their profits and will still lose some of their capital, just because they don’t know when to sell, and mostly we shouldn’t be greedy, always take profits even if it’s small, their is no crime in taking profits. But if you think your profits is too small, and you keep on waiting for it to increase, things doesn’t go as planned always.

I just remembered a similar incident that happened to a friend of mine. Although it concerns him placing a bet during last weekend's  EPL matches but the point I want to highlight is how when he had options to cash out, of which may have seemed too small for about 3 betslips that day. He didn't take the offer until it expired and he wished he had taken up the offer, at least he would have had a little profit rather than the loss that befell him that day.

Coming back here and now, while trading, it is a wise move to take the profits that may seem too little, early. It is until one has been in the market for long that they can have the confidence to keep trading while ignoring the small profits on top.

Greed has never been the solution to wealth but its demise.
As it applies to the gambler who didn't take profit early and lost all, so it applies to the trader who doesn't take profit early but wait to keep trading hoping to increase the profit, without a set limit in mind. The crypto exchange market is always volatile and susceptible to change just like same way odds are to a bettor.

Did you just use "meme coins" and "long time" in one sentence and say you wanted to hold them for the long term? Those two are contradictory words because meme coins are not to be held for long, they are for short-term gains and we should use them for the purpose they are for. You can't hold a meme coin for two years and expect it to grow in value in the next cycle like Bitcoin and other cryptocurrencies, it will most probably die off before the next season and will be replaced by another one of its kind.
Even if you are thinking to take out your initial investment and leave the profits for a long run, I would suggest that you take some profit with it so that you don't regret it in case something goes wrong.

Use the word majority because that's what happens to many of the memecoins but we have those that have been profitable holding them, Dogecoin investors have made more profit holding dogecoin and Shiba inu is also on the part of doing the same to their investors. Thinking profits is important when trading or investing in any cryptocurrency, without talking profits you won't realized the gains you're seeing on your trades. If you don't know how to take profits you won't become successful as a trader or an investor. Some individuals are bad at taking profits and they keep losing after making many gains already. As you're leaning how to time the make to buy any cryptocurrency as a trader you have to also learn how to exit the market so you don't get left holding tokens that are dieing.

Greed itself, if managed well and equipped with a mature strategy, can bring profits as long as it is within certain limits. For example, in future trading when our position already has quite a large profit. But we still hope for bigger profits and don't want to take advantage right away. So the solution is that we can remain in our position and we can anticipate so that we can remain profitable even if the market reverses direction. Namely by using the stoploss+ method. That is, we put a stop loss in an area that is actually still profitable. Because we don't always have to leave the stoploss button in a loss position. but we can shift the position of the stoploss button to a position that is still profitable for us.

But if we want to trade more safely then it would be better if we didn't become greedy and close the position when we have made a profit. Unless we really have a strong reason to continue holding on longer. As we know fundamental news that will be coming soon which can bring more hype to the market and make the coins we hold rise higher. But if we don't have a strong reason or even good results from the fundamental analysis that we have carried out then it would be better for us to close the position and take whatever profit it is.

Greed is not that bad but when you overly indulge in it, it can be very complicating to an  extend majority don't seen to understand that profit is profit no matter how small it is you always call it a profit and most times they say that the bird at hand is far better than the thousands in the bush.  Many has fall the victim of lossing out completely while trying to make a huge profit,  you can only hold on your investment if it is a long term investment plan like Bitcoin but for others take as much profit as you can when necessary there is no point procrastinating on projects that that doesn't have holding potentials.

The market is volatile not all the time the coins we are trading are in favour of our technical analysis if your current position doesn't meet your expectations you can call those trades to a close position and if you gained profit still consider a profit, and if think that position doesn't bring the money you can cut a loss, active traders always consider their profit at the end of the day it counts instead having a reading day with the market you also have a red day in your portfolio and percentage of winning. Emotions are part of decision making in trading but make sure you are in right mind to decide what is too much and enough.

Every human being hopes for profit.  But it is not enough to think only about profit all the time. Don't worry about profit when you enter crypto currency.  he most challenging thing here is survival.  If you think about profit before entering the world of crypto currency, you will not be able to survive in this world, let alone profit. To have a ticket in crypto currency you need to learn and know a lot and apply this knowledge at the right time.  If you suddenly invest and expect sky-high profits from it, you can lose everything.  So you should always think about survival and strengthening your position without thinking about profit.

I would say it is okay to take profit whenever you want to, but it is also not really that good to insist on others to take profit as well. If people want to take profit then they should, and if people do not want to take profit then they shouldn't, both are good ideas. People who take profit, will be able to say that they profited from their investment, and people who do not take their profit could say that they took a risk and maybe it worked out or maybe it did not, which is fine.

I believe that people should do their best at whatever they have in their hands. If they do not take profit and the price goes up, they would be making more money than you do and that's the most important part of the deal, that's better.

Thinking of selling my altcoins at the moment cause the moment can began dipping at any moment so this should really be the best time for everyone to take profit and exit the market. Market look too extended at the moment

It's not only in crypto even in forex trading the most important priority is to locked and profit first bearing in mind that that crypto is very volatile a once profitable trade can suddenly reverse and ended up in losses especially future trading now that Bitcoin had reached ATH I knew alot of investors would have taken partial or ful profit to recoup their investment of course prices of cryptocurrencies is unpredictable and for every bullish run there is tendency for a price correction or reversal for how long it's going to last is unknown even using technical analysis to predict the likely resumption of the bullish trend.

People lose on their trade its because they are been so greedy for looking up for more profits while there are already a good opportunity showing up in front of them. That's why when the price dump usually they are losing because they want the price to recover and that lead a total disaster on their investment. If they could just able to realize that crypto is fast moving asset that needs to trade once there's opportunity to do it then for sure aspiring traders could able to earn and they can minimize their losses. They really need to know that there's really a big tendency that correction will happen so good decision making is important and they should not ask to much so they can always take advantage on situation when their favorite coin pump and gather profits from this.

No one comes to tat without profit see you have profit you are chatting your pocket probability will never be 100% you will remember profit and loss.  Tet is one thing where you don't lose, you must lose, whether it's before or after.  If you are good then you can earn in trade or your profit can come more.  But I feel that in the current situation not everyone can profit because everyone has come to enter and the number of losses is high.  Presently treats meetings but does not contain their basic knowledge because many work with signals.If you work with signals, you are copying the theory because you will have a choice over others.  But of course you have to rely on your luck if you want to copy from others independent and earn profit.

A trader's main objective is to make profit, I think it's not really a new thought. But in order to achieve these profits, they often make emotional wrong decisions through which they face losses instead of profits. I think as a trader if there is no loss then he is not really a trader. Because in the beginning and later in trading you must make profits through losses. However, noting down past mistakes and wrong strategies and avoiding them can help you gain profits later on And you trade the amount you can afford to lose And of course always be careful.

Greed is never been good and on the time that you wouldnt really be taking profits and the market corrections do hits you then for sure you would really be ending up with that kind of regret on which you didnt even expect
because you've been anticipating that the market would really be shooting up forever on which this isnt something a market would really be doing. Take profits when you do have the opportunity
and  hold onto something which you do believe that you could make huge money in the future.Actually you could really be able to do both things if you do like. If you are really just that sensible
on the things that you've been dealing with and having that realistic approach.

Take profits into those short term projects and hold for some moon bag on a small portion if you do really love on holding it out but this is really some sort of optional
approach because usually when we do make out that sell then it would be an all in sell.

Trading is the ability to get the best result from the market, regardless of what phase it is in. Corrections are an integral part of the market, and you can also make a profit from a correction if you identify it.

But it seems to me that now for a growing market, trading is not the best solution, if almost everything starts to grow, then it is better to buy and wait until it grows well enough to make a significant profit, even if it is long-term trading. I also noticed that in a bull market there are a lot of traders who are ready to brag about their results, but they disappear from view as soon as the bear market sets in.

Will always take advantage if it is a high enough price for me. But most will also be detained. profits are taken only to be enjoyed, of course I will not continue to hold back and need to enjoy the profits that should be enjoyed. Don't be too selfish and think too much that long-term investments will continue to be held without a price target. Bitcoin still hasn't reached $100k and I believe it still will, before that until I buy in gradually.

When your playing around some kind of altcoins and not bitcoin that is when you will fall victim of a coin that will end up falling to zero. I understand that is trading, but is good that when trading we should trade coins that if by any chance it falls down critically someday it will have the ability to go back up and also beaten the ATH. Most people fall victims to pump and dump tokens, i wont blame them because at first that token shows so much potential at the begining stage making them to believe and trust the project not knowing it will only last for a while.

Not sure about you but I can feel the hype already and we are now in the bull run but it's not yet strong, I guess it's because most holders are targeting about $100k levels for their profit booking. People around you are only lazy to see the market on their own. That's no good. If that happens to me, I will say that why you guys always rely on me? Not only that it won't annoy me anymore but it also helps them to grow.

If you invest earlier or when the price is still relatively cheap, yes, it's not bad if you can sell now but you can also opt to left some or most of your coins, so that you can sell again at an even better price later on. If you want to, you can also buy some more.

When someone plays with altcoins, of course they have to really understand the type of altcoin to be able to maintain the assets they invest in altcoins because if they don't understand it well, of course they will suffer losses in holding the altcoin, the price of which cannot recover and most of them will lose money. Losers are usually those who have just started investing or trading, but when someone is able to properly analyze a token or altcoin, of course they will be very careful in holding it and if they have made a profit, of course they will take advantage of holding the altcoin.

Greed has no room in trading. If you trade just because you aim to be instantly rich, that will definitely hard to be realized if you don’t know when to take profits even the smaller portion. Note that profits should not always be huge for you to start taking it, regardless of its amount, you should learn to be satisfied at some point and take it, otherwise you will end up losing all your patience while waiting for massive profits, and yet the market still end up dumping. And now you end up regretting wishing you were never greedy in the first place.

Profit taking is very important in trading, because you only win a trade when you have closed that particular trade in a profit, why this is important is because, Sometimes, some profiting trades at last became a lost trade, and this has happened to me a couple of times, and a suitable approach to this, is taking percentage profits along the line on any major support and resistance depending on which direction you choose, long or short, and always put your trades on break-even once you are about 10% profits in that trade.

Take the advantage at the right time, make traders to remain in profits making because they believe that opportunity come but once which is the reason why they are not greedy to take profits when the price hit higher in the market few days ago.

Those traders that refused to trade when the price rise higher in the market to take a bigger profits from the market are seriously worry about what is happening in the market because, the price of coins has drop down little compare to the high price people where seeing in the market recently.

Always secure profits and dont make yourself comes into a point that you do end up on regretting just because you had missed out on making profits just because you did make yourself a little bit greedier on which we do know that this is something that we must avoid since from the start. If you are that someone whose really that minding about making profits then once you have seen those greens or gains then secure it out.
Dont wait for more because once you had missed then it would really be a regrettable thing.  Although there are really conditions on which you would really be having that kind of considerations on holding back
way longer because you've been believing that it might increase up even more. Holding long doesnt mean that being too greedy, it is really just that you are really that believing into something.

Based up on real experience then i have been able to commit out those kind of mistakes on the time that i do make out some trading and once those prices clings up more than
with my entry point then this is where decision making would really be needed. Outcomes and results would really be random on which it would be understandable.

Fornathise traders that are always taking profits when they make winnings would know how to help themselves to stay safe without bothering themselves at all. It is very important for us to watch the market price and know when it's right for us to take profits because this is one of the problems making gamblers are having and keep making them lose more money because they are not taking the profits they have made so that even when they lose, it would still be easily to fund there accounts with remaining funds.

Buddy well said I also agree with you profit matters but surviving in the crypto space safely matters more because once you lose your amount just because of one mistake that means you have done with your amount the chances of getting it back is nearly impossible. One should book profit from time to time in the crypto space rather than losing all the amount at once in case of a market crash badly. Greed is the worst enemy of humans who always traps the person in search of getting more and more so one should control have on his greed emotion for the best survival in the crypto space.

Having little is the best here as compared to facing a big loss in the cryptocurrency world. Well, I also read the thread just like that who also mentioned the same thing like your survival matters more in the crypto space, I was such a person before that who also used to think more and more profit but after reading his thread my point of view got changed.

Survival and this is something you should having in mind on where you would really be needing to sustain yourself on whatever methods or ways that you would really be tending to do.
Take profits is something always the golden rule of this space on which you cant be rich if you wont take profits. Yes, holding makes millionaires but we do know that it does have its cons or negative
side too on which too much holding could really be resulting into missing out opportunity on making profits and this is something that you should put up into your mind.
Take profits when happy and making yourself that keeps on doing it then you will really be showing that progressive.

I agree with you because that advice is very good for every trader. I was always trying to make as much profit as possible and that's not the right thing to do but to my mind, it's also not good to 100% enter into the game and then 100% leave the game or you'll regret it.
This is my strategy: I invest 100% into coin when I think that price is very low, then try to sell it when I think it's the right time or I wait for a long time. For example, I bought bitcoins in 2022 and didn't sell them till recent days. It's difficult to buy and sell frequently, when I tried that, I instead of making more profit, I missed the profit. If you can't figure out good times frequently, then long-term is the best advice and I think for good gains, everyone has to frequently visit crypto news websites and be in touch with the situation all the time because if there is news that triggers panic, you have to be one of the first one who sells coins to avoid significant capital loss.

The major concern of trading is to give profit to all traders, which depends on the strategies of individual traders as well. That's why it's important to have deep knowledge of trading. Because if the strategy used on the trading platform is wrong, our capital will be dissolved.

But if the strategy is right or the understanding of trading is deep and wide, for sure we will get a good profit in the end. And with proper knowledge, we will also know when we should take a profit every time there is a chance to do so.

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

When you are aware of the mistakes you made in trading, of course you have to be able to correct them if you still want to be able to trade again and learn from the mistakes you made to be able to trade well again and also have to trade well and avoid greed so that can analyze well when deciding to buy a coin that can benefit from trading, if you are sure of the asset you hold, of course you will be able to recover from the losses you are experiencing, so you must be able to analyze well so as not to make decisions that harm you in the trades you make.

Would really be just that a right approach or just that common action that you would really be making is on that if you have made out those mistakes then you would really be correcting it out along the way.
Just like on what most people been saying on here that taking profits would be always the ideal move to make whenever you do see those gains on which it will be always our own primary target
specially if you are a short term trade. We do know that not all would really be holders and not all would really be able to hold up for too long and cant wait to see their profits in short time.
This is why they would really be that deciding that they would really be making active trades but of course it would really be having that certain risks on which not all would really be able to deal up with it.

Some people when find out some field advantageous then they start to use more money for it like many people when win a large sum of money then they are not happy with that but find it suitable to invest that amount again to earn more but actually all the time the Same coin never surges to give us profit.

Greed is the major reason for to which people often get rid of their earned money and once a person start thinking with greed then he never think normal but always shows great interest towards money. If your hands become full of money and suddenly your heart says that it's not enough then you will again start trading which is a sort of greed and you will eventually loss earned sum as well as some more money that you invest after realizing that trading is advantageous.

I trace this problem back to learning about the basics. In the basics of cryptocurrency trading we were taught on how to invest and make good profit but hardly do we learn profit taking methods. Many of us work hard to grow our portfolio and still watch them fall back to naught. It is important to take profits and if possible to fiat if using a stable coin will still be tempting to re-trade and as well over trade. I am of the school of taught that there's always an opportunity before us. If we take profits, we shall still have another opportunity to reinvest the profits but when the profit is gone, we are only faced to regrow an already grown but lost profit.

Exactly. As a trader, we mustn't have a greed. It will ruin our trading, it is an obstacle to succeed in trading.
No trader can rich just a few days trading, it needs a long process. It also must require a good knowledge and experience, no success instantly.
Moreover, when we are still a newbie, we must focus on learning about how to trade in the right way. Don't directly target to be rich!

Indeed. Sometimes we have a bad day when the market has a big correction, in this condition we don' expect to get too high profits. It is better to take profits although it is just small profits. We must avoid to hold a long time for certain coins, it is because they may lose the values and it will be difficult to return.

Yes, it was really indeed the basics on which it would really be that best that you should really be learning on how to take profits on the time that you would be making one.Yes, its never been that easy because
you would really be that having in mind that you would really be needing up to make out such thing because this is really the main purpose that we are here on this market on which it is really that indeed to make
profits on which it would really be that a common approach that you would really be needing up to secure profits as much as you could so that you would be ending up on positive.

Just like said that it isnt really just that easy on doing so just because we've been thinking up on holding out position even more because we are really that hoping or thinking
that it could really be able to shoot up its price even more and this is something a very common thing that we do have in mind.

Yes dear at the beginning stage is used to think that I would have a good amount of profit after my target will hit and the funniest thing was that i used to consider only one target at that time and that was an all-time high haha I used to think that once it will touch or hit new all time high there i will book my all profit. But with the passage of time I learned many things that groomed me a lot and by this, I come to realize that I should book profit at different points by making different and many more than 2 target points there I should book my profit.

So that I will not feel regret losing all of them at once when the price will suddenly crash. I also read a thread who also mentioned the same thing as your sayings and I really satisfied a lot after reading his thread. He was also saying the same thing like you survival matters more here in the crypto space rather than making a good amount of profit.

Like I have always said that greed is just a root of all your problems especially in investing and if it involves with money. I've experienced both selling too late and just want to reach highest profit possible but in the end if people knows when to stop, that's the real winner right there because they can search for another opportunity to gain more profit instead of just looking at 1 source for long time but in the end they sell too late.

     If an individual traders motive is to get profit in a moderation way, and have target amount even if it is small value only,  the greed won't get space in his mind for sure due to trader knows how to control His emotion when the right time of selling is necessary.

     In this method, traders can able to do to stop when He/she saw that profit is already  comes in, were trader can deside to take it out his earnings and not thinking the price will go up more.

Sometimes is not greed that doesn't make people sell their coins, it's the experience of the market they don't have, they are blind by the illusion of price going to a level where they can have the life they have always wanted to have, it's a good thing to anticipate but been wishing for impossible is a delusional thing to even think about. I mean, you will see someone that bought Bitcoin at $40k and they are wishing to see Bitcoin to do 10x from that place when they don't even know that Bitcoin need to add like 10T trillion to its market cap in other to achieve such price.

There is nothing bad if you sell as long as you didn't sell at loss but a lot of them will have an outstanding profits and will not sell, there are some that will even have good profits that's enough for them to exit but will watch their profits from green becomes red, some become worthless that even in the next bull run, they don't get investors attention again. Investors should learn that profits is profits and not all potential profits does comes to realization.

Take your profit it is the most important thing who ever that is a trader into cryptocurrency especially have to understand that you don't need to be greedy in any of your investment because sometimes greediness is one of the things that affect anyone who is into cryptocurrency investment especially someone who is into bitcoin, even in a day trading you don't need to be emphasising on a particular point that you will make a profit, it's better you make a small profit than losing everything

No matter where we miss, money is important. If you don't have money, brother, you have no value. Everyone earns money. Everyone is after money. The world has become a slave to money. Without money, no one gives value to anyone.  If you have money then everything is there if you can invest in a good place then you will get money and you will be able to earn income if you do trading or anything else trading is not like your gambling then ablution and something like that.  Because 2% scale and wake up 98 percent is luck luck if you don't have time dating you can't gain then scale is expensive brother if you scale or if you know you can pull hundred percent with your school.  But time can't bring real in case you have to think or think about income.

as many have said a profit is a profit its better to be a profitable trader than just holding on for too long due to greediness and then lose that profit that don't get realized its gonna be silly to lose profit just because we are holding too long having too much high of an expectation towards the bullrun but sometime a trader or investor also have their share of reason why they keep holding onto their investment as long as it is a good reason then it make sense for holding despite already hitting all time high.

but many times people are just get too intrigued with the profit that they might potentially earn from trading or investing that they decided maybe holding might be a good way to further increase the profit not knowing that usually market dumping can happen in just a blink of an eye then the market become bearish, remember that pumping happens slow and dumping happens fast, because with pumping people are full in doubts whether the price gonna keep going up and with dump people are so fearful of losing their money so they cut loss or dump earlier.

That's true, and one should never wait too long if they are not sure about a cryptocurrency they have bought, one should always start low and then keep increasing their budget on such cryptocurrencies they are trading. If we become greedy from the start, we won't even be able to get a small amount of profit but will lose money instead.

The most important thing is knowledge, and one shouldn't trade cryptocurrencies that they don't have any knowledge about. A lot of new traders make the same mistake, they start trading certain cryptocurrencies without having any knowledge about them and their movements, and eventually, they lose money out of their invested capital in those cryptocurrencies.

It's good to study and analyze the coin you want to invest.
I always do that to find out how good the coin is for the long term, but if you invest in Bitcoin or ETH, it no longer requires detailed analysis,
just knowing when to buy and when to exit with a profit.

Those who do not know anything about how to do trading strategies, management, of course they will not know what to do after buying and holding.
In the end, it will only panic when the price drops from the initial purchase limit.

https://www.talkimg.com/images/2024/03/25/Jq1A9.jpeg
source: http://www.binance.com

For trading in altcoin exactly with new coins requirement more researching and analyzing except investing in bitcoin or ethereum during not entry on the most higher price moment. Usually the new trade excited invest with some altcoin have grow up significant percentage and lack researching before keep worth or not to buy some coins break out most higher price.

Before entering the world of trading in cryptocurrency, there are many things you need to pay attention to, starting from analyzing the coins you want to buy and still being able to control your emotions so as not to panic sell when the price undergoes correction. Most important have to memorize keep prefer taking profit first when coins investment have reached higher price and earn much profitable.

I think everyone who joins crypto is because they want profit. Investment is something that is a stake to gain profit, and of course has risks. It is highly discouraged to invest with your hot money so that when something bad happens, it doesn't completely disrupt your life. If you just want to keep your money safe, you can store it in banks, gold, land or on real estate. And that is also an investment and also has their own risk.

Indeed, you are right, sometimes we are too late to take advantage of the moment. And that's an investment that can sometimes go up, other times it can go down. And I think that is a common thing and happens to everyone. Therefore, we must always maintain our investments by continuing to monitor prices and trends. And never be greedy with profits. Usually this is because greed arises so that we forget about the initial investment plan.

Well like I said greediness has really cost a lot of loses in some people because they have refused to take out profit after getting some profit, they feel like it will come more, meh sometimes it is good to take out some profit to avoid unnecessary losses or going down on your portfolio, please let us be wise because it is the smartest decision that someone should take, take out some profits first and you Bvn’s still continue trading

One of the common mistakes of some people is on the time that they do make themselves greedy on which it causes for them to messed up their lives just because they do lack of having that kind of securing out their profits on which this causes for them to have that kind waiting game on the time that they do become that greedy.We do have that saying that you cant be rich if you wont take profit and this is something that you should be putting up in mind.

Always set taking profis because if you dont then you are just having those unrealized profits and its something that not been realized and on the moment that market crashes or on the time that it do make out such correction thencyou had just missed up on making money and would really be giving out that kind of regret and this is somewhere you should really be that realizing that this is a must thing that should be done.

I believed being greed is more important to avoid profit loss, that proven because those old days I never had that mindset. My confidence was out breaking thinking that I wouldn't experience any problem with my holdings.
Unfortunately, when bearish came around year 2018--2019 everything went so grey and in fact it gave me a lot of emotional stress which was really hard to cope up.

Sometimes you can’t really predict on it because it is difficult to analyze must times, sometimes if you take your profit and it happens to be that bitcoin have increased and you will say you wouldn’t have taken profits if you had known, it is just a simple fact, you need to get your algorithm very well and understand the information on the trading, why is the down fall of coin and does it going to go down continuously? What do I have to do and you should get all this fact before you take your Action and it will all get straightened.

Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.

When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.

Greed will always make us lose the opportunity to gain the profits we have obtained in the hope of getting more profits, but we don't get this so we don't get any profits from the trading we do and we lose the opportunities we get. Of course, it is important for us to be able to control ourselves when trading so that we don't do it with greed, because if we can't control ourselves when trading, it will be difficult for us to make the right decisions when trading and this will make us lose.

In crypto one should focus not only on profit but also on long term holding. Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.

Several focuses should actually be considered important for investors and also for traders, because if investors are more dedicated to long-term ownership, of course what they have to think about is how to save their investments and what assets are more suitable for investing in the long term. Meanwhile, traders only need to see what assets are suitable for them in short-term trading in order to gain profits and also consider their own capital so that it doesn't just disappear, even though they are also very prepared if their capital runs out when they don't get a profit from their own trading.

greed mostly decieve traders, there's situation where you need to sell as you already have some decent possible profit but because of greed instead of taking it you push and try to earn more, eventually the market will fall back  and that opportunity got wasted, while in some situation instead of making more money but because of greed we made an early call and missed that opportunity to earn more.

Though, it's always better to take the profits whatever position you are and even how small it was, profits still profits and that counts on you positive results.

The main thing in this case, if we see profits in front of our eyes, we should take those profits and enjoy them, usually most people are too greedy to get much bigger profits, precisely what you are experiencing yourself. It is true that trading can make money or profits very quickly, but this job is not easy for everyone to learn, it will definitely go through a very bitter process in running it, losing a lot of money and so on. Can you quickly recover from your losses? In my opinion, the opportunity will always be there for you to recover, this depends on how you respond to previous failures that happened to you.

But it is true that we need to go through all the failures including feeling that we are too greedy to ignore taking profits without realizing that we need to take profits at that time, and here it also shows that we need to have a profit target so that everything can be measured properly when taking profits in the crypto market where price fluctuations are very high.

I made this mistake several times because I didn't have a profit target so I lost a lot of money and my profit went to zero when we didn't have clear goals in our trading activities.

To me, I don’t take it as greediness, but I define it as either emphasising more or a certain price and believing that you will surely get that, which is sometimes useful, but most times it comes to a big regret, and most of the time it usually affects those that trade or invest with a small amount, so it is possible for them to be expecting a certain price that will be based on expectation, but losing is constantly 

Let's take an instance where you invest $30 when bitcoin is at a rate of $30,000. In shout time, bitcoin increased to $32,000. From there, you know you have a profit of $2 based on the money you invest, and you have a potential that bitcoin can reach $60,000 so that you can get 2x of your investment. Then you see the bitcoin reduce down to $26,000, so will you remove it to avoid losing it since you have already put your potential on $60,000 and you lost the small profit you earn? or you will take the risk and wait for a miracle? 

What if I paraphrase that and one shouldn't only long term hold but also take profit.  ;D

That sounds better IMHO because many of the long term holders forget to take their stack and get profits from it.

I totally agree 100%.

Most of the holders and investors are investing money that they can afford not to have because it will just grow on its own and they wouldn't be reliant on it.

But the catch is once it grows, that will entirely going to change their lives for avoiding the temptation of selling too early but not too later. So, it's just all about proper timing and right time.

Well, that's why taking advantage is important. Make sure that you take profits regularly, and have a strategy for rebuying. When you have taken profit, and bearishness occurs, you can buy back, and increase the coins you own.
However, I too have experienced the same thing. Until now, I have changed my view completely, that I chose this decision to make a profit.

Sometimes greed seems to blind our minds to make a profit, even though we have already made a big profit. Everyone must have experienced it, and in the end can only accept what happened, or even experience panic selling, which is even worse. therefore we should have a profit making plan, so that we can control our psychology so that we are not greedy, it is natural for this to happen, because it is basic human nature

We cannot predict with certainty where and when the price will fall, so it is important that we set a target to take profit. In my opinion, we don't have to get big profits, we just adjust it to our capital (we have to be realistic in this matter), the important thing is that we can be consistent in taking those profits. When we can be consistent, even though our profits are small, we can continue to get them and it will be a large amount too.
Everyone must have had unpleasant experiences when investing or trading, and from that experience we can learn to become a better person and as much as possible avoid the same mistakes in the future.

that's what is important for traders to have. they have to think rationally, especially when determining profit targets so that they won't get caught in situations that could make them more greedy.
some traders make several achievable targets, when target 1 is exceeded and there is a large enough chance of approaching the second target, they will seriously monitor market capabilities. if they feel unable they will give up and take advantage of the first target.

Even if we do speak about long term holding but still we are really that needing up that selling point or target on which it s really just that right that we should really be setting those numbers. It would really
be just that normal that we would really be setting out those numbers on which it would really be that high or something not realistic. Yes, this market has been flooded out by tons of speculative numbers
on which there are ones are realistic and there are ones who arent that something possible but of course we do know on how this market is really that reaching up those all time highs on which we know that its something that could surprise us because it could reach out those levels or prices on which we didnt expect that it could really happen. This is why on the moment you do make yourself engaged with investment or trading
with Bitcoin or other coins then it would be always best that you should really know on when to take profits.

Unless if you are tending to hold 10 years onwards then it would really be just that on your choice. There are ones who couldd really be able to make themselves that hold for long but there are
ones who do really set out their earlier targets because they are really that believing that they could be able to make themselves that secure profits and believing that there would really be correction.
This is where technical and fundamental knowledge will really be that differentiate into each other on which we know that outcomes and results will really be determining on how well
you do find yourself that being good or bad on doing trading or simply with your investments.

the average trader has experienced things where they are greedy and don't want to take profit when they have the opportunity to take it. they just wait and wait until their profits rise higher, but unfortunately the market suddenly goes down and they only get half profits or fail to take profits at all. this is an important lesson that traders can take: they must be able to control their emotions and not be greedy for the profits they have made. if there is an opportunity to make a profit, you should just take it, because a trader could fail to make a profit because they keep waiting.

This is how their misery start since they think about getting for more while there's no consistent growth will came but they failed to realize this, that's why instead of they gain it turns out situation goes bad and lose their profit also worse it includes their capital used. They should realize that greedy people always bound to lose their money that's why they should always have a mindset that taking profit is necessary and they should not ask for more especially if they see that the pump is so high since for sure that reversal will follow then after this they might lose their money especially if they are a person who easily get scared then do bad decisions when they are in panic.

When someone trades, of course they must be able to have a plan before trading and must also be able to determine a profit target and they must take profits after they reach the profit target they have obtained and don't let them miss out because of their greed.
If they have two profit targets that they have and have succeeded in achieving the first target, however, they must continue to monitor market conditions so that they do not miss the opportunity to take advantage and if indeed they only reach the first target and after we analyze it, they will not be able to achieve it. Maybe it would be better for us to take the opportunity that exists.

Well said, I also want to say that taking profits in on corrrect time is the most important thing in trading for not to controlling the losses.
It's been many time I have faced that for some little tiny cents I lossed the whole amounts. It happend to the recent trading on Saga I got some Sagacoin from the Binance laucnpool pad and I keep them because of only 11 cent left from my selling target and what happend now the price was 60 dollar and currently it is on only 16$.
I will say I loose this amount for only of the my little greedy ness in my mind. And I am damn sure that this is not only me that happened to us.Some timea we even face loss setting a plan before. For this there was also need proper analysis skill also. But we can also assumed like if we are going to invest 100$ then taking profit limit on 5$ that's how we can also refain from the greed.

     That's true. The market is very unpredictable, so it's important for a trader or investor to have a plan, because these will be our guidelines for exiting profit. If we don't have a plan, it's like we're just floating or being swept away by the wave as it goes. 

     Maybe later on, instead of having a profit, we will lose it, and this often happens because if greediness or lack of knowledge did not exist, for sure the majority of investors would get a profit, so it is also important to have a deep  understanding of trading.

The purpose of everyone's trading is to make profit, so take profit is definitely very important. If one does not cash out his money even though he is in profit, he should skip trading and hold while waiting for more profit. Holding can make huge profit but trading should sell tokens/coins with small profit so that loss does not touch him. Because in the case of holding loss, it is recovered again but in the case of trading loss, it takes time to recover that money because at that time many people panic and take more wrong decisions. many panic sell in losses.

Well i experienced watching my profit fall back into zero and i also experience so many regrets for selling earlier because the coins that i hold rise up to 39$ from 1.5$ that is why sometimes i believe that trading or buy and selling in crypto is depends on luck because we never know what's next to happen after we buy. It is also depends on the coins we hold and its future development.

Yes, I really do appreciate this your last paragraph here, most traders don't actually know or they feel less concerned that when it comes to trading, risk management is very much important, because you have to survive first before you even think of making profit, so protecting your money through your risk management strategy is what will protect you and keep you in the market when it goes against you, because no matter how good you are as a trader, you can't be 100% in your decision making, so your ability to survive the rainy days is what makes you a professional trader.

And another thing most traders just have to understand is that, you can make a whole lot of money in one month and uses just 1hour to lose all of it plus your capital, so the ability to consolidate to your wins, is what makes you profitable.

Lastly, as a traders, it's best you set a clear objective, like when you are going to take your profit and go out of the Market, because greedy is the principal enemy that makes most traders watches all their wins run down to zero before they eventually close the trade, if they didn't close it in a loss, so it's very important to always take profit when you are winning.

Lol...you are trying to advice regarding the market but you neglect the fact that the market is dynamic. This is why what you perceived as the trader's/investor's fault today could be what would deliver the huge money into their hands later tomorrow. This is why I do not like to generalize any advice when it is about trading and investment, but to advocate that traders should have a viable plan that will always guide them. In trading, it is not by force to use the stop loss or take profit functions, it is all about you and how you've trained yourself even though, those functions are good to use in the market.

Still, I have read a whole lot about trading/investment, thought enough people and have practised more than 100 trading and investment strategies to have concluded on what I just wrote. If you are a long-term trader/investor, there is no need to use take profit, though it is not a must you do not use it as well, it is all about your choice, your strategy or mere variants, and you will still be perfectly fine. All that matters is for the trader/investor to know the strengths and weaknesses of his strategy in relation to the market conditions, and also know the time he can dedicate to the market for effective management in some conditions.

And once you are very good at speculating, you will hardly miss your predictions and hardly go wrong when you leave a trade and not take your profit, or when you take profits void of regrets. This is why traders must build a foolproof and time-tested trading system with everything they know about the market to achieve their own style/pattern instead of believing that some actions are because of greed or fear, No, I won't take that. Trading/investment actions and plans can never be the same for all traders/investors.

Actually purpose of trading is taking profit as much possible in short term, I think take profit during has opportunity is very important for all trader and don't be greedy looking for their assets or portfolio increasing significant and right time to take profit. Currently have bad habit for trader because high expectation when investing in some coins exactly with meme coins, most of them expected with $100 capital in cryptocurrency trading huge expectation become $1000 when investing in meme coins and difficult for taking profit after having moment with increasing price above 50%.

Fatal mistake when delaying for taking profit did by some trader, as soon possible has moment after price increase don't be late for taking profit behind many bad news and unpredictable happening will make price dropping again make us loss great opportunity taking profit. Better getting profit with small percentage but consistency than bigger expectation to earn much profit but its very difficult.

Most traders who played and take the risk investing with Meme coins or alt asset that they believed that will bring them fortune, most of the time out greed instead of taking profits and being contented with the profits that they should take, they push and hope for more, when downfall happen they are the one who quickly sell and lose portion of their money.

Like what you mentioned, the purpose of trading is for you to take your profits and not to lose it, take profits whenever you have your chance the risk you take should be paid by profits that you take.


This is something that needed to learn and study, do your DYOR and make things in a timely manner, profits even how small it is but if you manage to increased your initial deposit that's still good in terms of trading.

We all aim to take good profits from investing either in bitcoin or altcoins. So if chances occur that you’ll be in great profits, don’t be fearful thinking you might miss the much bigger future profits. Remember, even if you take small profits but at a consistent basis, that will continue to grow as well until it hits your target profits. Sell when there are opportunities to be in profits, buy and hold when you are planning to grow your coins and become profitable in the future. Know the difference between buying and selling so you’ll never miss both its advantages and regret in the end.

Taking profit is something we can do either short-term or long-term. As long as we know how to look for the right opportunity to make a profit, it is for sure that we will be successful in everything we do in crypto trading. 

But if we only base the exit to get profit on relying on luck, I think that's not a good habit as an investor or trader, especially if we know that crypto or Bitcoin is very volatile.

I remember the old saying "Greed is the root of all evil." This proverb reminds us that when we are too greedy and obsessed with excessive desires, it can have negative impacts and lead to immoral actions or harm others. It's possible that one day something will happen that is the reciprocal impact of greed that you don't realize has previously wronged other people.

When we are greedy we are also taking advantage of some things around us but I believe there is a typo above and he only forget to include the word ' not ' because being greedy is still a negative thing and there is a big chance that we will end up losing instead of winning/profiting.

Both taking profits or selling and re-buying must have a strategy like if what price we will execute them because the price is not always on the rise and not always on the lows. We are lucky if after we sell at highs, the price then dips back because this means we can buy immediately (as you said) and there will also be regrets that will form in our side/minds.

This is what I usually forget even in gambling, so in the end I would always lose instead of gain.
I used to take profit in trading before, when my capital gains more than 10%, I would take it and move it into another crypto(reinvest), there are also circumstances where I would cash it out if I need extra money to spend.
It is also important to make a plan on when would you take profit and what would you do with that profit ahead of time.

Basically, it is important to have a goal in investing. Because without a goal, sometimes we forget or even become greedy in carrying out investment activities. So if we follow our passion too much, in the end the price drops again and we no longer have the opportunity to take advantage, so in the end we are forced to hold it and wait for the moment to rise again.

In theory it is very easy to understand, but in practice it is sometimes difficult to control when to stop and take profit and after a decline we buy again. Therefore, it is very important for us as traders and investors to have plans and targets. This is to control all our investment activities. Apart from that, we have to continue to learn many strategies, but look for a strategy that suits us, focus on that strategy, stay calm, don't be passionate, and control your psychology. In the end, we can take advantage of investments, because taking advantage of every moment in the market is very important.

Taking profit is no luck. You have to be decided when you do it because that's how it goes.
When you are an investor, you have a firm plan on when you should take your profits and that's how you read the market.
Or when in actuality, you have made it then that's how you make profit and you have to take it out because it's not always green that we'll see.

Having plans is really that something that would really be needed on which at the moment that you do find yourself on such condition on where you would really be thinking up that everything goes in your plan.
THen think again because this isnt how things works. If you do find yourself having that kind of condition on where you are really that in torn whether you do take profits or would be holding up your position then it would really be basing up with some several factors on which we know that there are really those people who are investing into something which are really that good for long term like Bitcoin and some top altcoins but there are ones who are really that tending to hold up some shit or meme coins on which you dont know whether they would really be that pumping or not in the future.
This is where results or outcomes will really be that totally be basing up on the things that you've been dealing with.We do know that investing on crypto is really that hard or not really that easy.
Taking up profits is something that will really be that our main priority.

What we all do is we invest and we have a goal, what's that? and that is to earn and make money.
We are on our own and we can decide whether to do it or not, whichever is your priority. Just don't forget that you go back to the first reason why you started to invest.

Well, most altcoins can give you -99% loss in a blink of eye if you hold it for long term and forgot to take profit because the trend for altcoins is always changing every bull season that's why many altcoins just for exit liquidity in a bull season. Bitcoin will be the best if you put Fibonacci analysis to know where you take profit or where you open your trade so make sure to trade using TA because without preparation many people will only become an exit liquidity.

Since after the Covid-19 pandemic, during when we had all the market bleed extensively the majority of investors were really crushed and since then the dynamics has changed and some investors lost their life savings in the market both investors in the stocks, bonds, derivatives, and lot of other investment assets class out there and the resultant effect or negative impact is what we are facing in the market till date and no one wants to keep their money much longer in the market and now investors take profit at every opportunity. Now back to your op, profit taking is very important in this volatile crypto market and because of uncertainties in the market, and in order to protect your portfolios.

Well, when someone has made a profit from an asset he is holding, but decides not to sell it, then making a profit is not because of luck, but because of the decisions we take. There are many people out there who continue to hold their assets when they have made a profit, but because they don't take it, the value of their assets decreases and they no longer have any profits. This is due to wrong decisions and calculations. However, it is very important to take action when making a profit, even if it is good enough to return the capital we use.

If they have made a profit and still choose to stay put and not sell it, of course they have no longer followed the initial plan they have made and this could happen due to greed or we have reanalyzed it and potentially the assets we own will experience an increase and If after we wait and there is no improvement, of course, as you said, they have made a mistake in their analysis and also their greed in trading, of course this will be very detrimental to us.

Everyone definitely has a goal when they want to do something or have done something such as investing, because most of the investors who invest in various places are to get a much bigger profit from their current job. Apart from that, investments can usually help themselves in old age if what they invest in experiences an increase in value in the eyes of many people and its price on the market. Examples include Bitcoin now and also gold, which this year has also experienced a significant increase in price, although the percentage is still quite far compared to Bitcoin.

Sometimes greed makes us forget to take profits, thinking the price will still rise higher or because we are not yet satisfied with the profits generated, that's why traders need to determine what percentage of profit they want to achieve and take profits if they have reached it, or if traders think there is still a chance of getting bigger, so sell some of it to secure capital, which is also done by traders, but usually, disciplined traders will stick to their initial plan because they understand that profit is not an easy thing to get because crypto is often full of surprises. So planning in trading is quite important and also sticking to the plan made before starting trading.

So, don't let greed control us, because if that happens, don't expect us to be able to make a profit, even when the profit is right before our eyes, maybe the profit will be lost because of our own greed.
That's right, we can also set several targets that we want to achieve, that is one way if we still believe that the price will continue to move making us a profit. We can implement at least 2 or 3 targets for us to achieve. And if the target turns out to be unattainable, then we will be able to return to the first target and the lowest target that we implemented.
If we can manage things like this well, then it is not impossible that we will become one of the people who can be said to be successful.

Taking the profit is a good way to earn but if it is small profit we can also hold and wait till it become bigger, i think it depends on our limitations because we also need big profit not just penny if we are going to take profit earlier then we can only take small and not enough for us to pay everything so we also need to set limitations for good.

Buying at a lower cost will be helpful for you in future because the lower price changes into a higher cost when the market becomes favorable for all of us. Sometimes an individual has no idea and he once buys a coin then holds it without touching it in bull season but I think it is not a good idea as every coin does not show a huge pump in every bull season.

You should focus on your profit instead of considering market conditions because once you fail to get the profit then there is no information that when the market will again increase so the missed opportunity can be a last opportunity for you as every coin is not successful like that of Bitcoin

Yes, that's the purpose of investment to help us regardless of our age. But it's more helpful when we're on older age.
Anyway, are you going to let that happen that you'd wait for that long when you're already in profit? I don't think that it should be like that.
Although I have seen that strategy from the older ones that they dedicate an asset that shall be for long term but it is completely different because they're the jewelries, precious metals, real estate and other conventional investments and assets.